As with most loans, it is generally in your favour to pay it off sooner. Settling your vehicle financing sooner is always a good idea as you tend to save on interest charges over the long term. The National Credit Act permits you the right to increase your monthly premium. If you choose to pay in a lump sum, [...]
Amid rising interest rates, inflation, rising petrol prices, and a challenging economic climate, leasing may seem like a more attractive option over buying a car. Many South Africans tend to follow a more traditional financing model for purchasing cars via a bank loan. However, leasing is increasingly gaining popularity, especially in the high-end premium brand market. One key difference [...]
Buying a pre-owned vehicle can be a daunting process, especially if you do not use a reputable dealer. You need to do your research and ensure that you use car dealerships that focus on the buyer’s safety and financial affordability. The car you invest in needs to be worth your time and money, so you need to know a [...]
Nobody wants to buy a car with existing mechanical problems! Buying a pre-owned vehicle is an exciting step to take. You don’t want to be taken for a ride when it comes to the quality of your car. There are simple ways to ensure that you receive only the best bang for your buck and ensure that you do [...]
Buying a car in the post-COVID climate is not affordable, for many people. If you have a low credit score, you are going to experience a number of hurdles when trying to obtain finance from a car dealership. This is where the rent-to-own a car option comes in. Rent-to-own offers you the opportunity to pay monthly rental fees towards [...]
Do you need a car and are currently exploring the finance options available to you, in order to own a car? Have you heard of rent-to-own a car? This is an option where you are able to rent a car, over a long period of time, without having to pay interest. At the end of the rental period, you have [...]
According to accountants, your car itself is an asset because it is something you own which can be sold for cash i.e. it counts as an asset. However, all the other areas of owning a secondhand car lead to confusion. Petrol, repairs, insurance and vehicle finance payments are all costs of owning a car i.e. expenses. A car loan [...]
Recent figures show that Sub-Saharan Africa’s GDP is expected to reach 4.8% in 2017, as compared with predictions of only 2.3% growth for China between 2016 and 2018. Africa’s economy is expected to grow 5% in 2016. We call this economically emergent continent home. So many entrepreneurs come up with a good idea, but find their expansion plans thwarted at every turn. The [...]
Bad credit should not hold you back from getting vehicle financing for your family this festive season. Earn-a-car is a company that offers car finance deals to those who have bad credit. However, there is a host of benefits when you choose easy finance through Earn-a-car. Here is why you should choose easy vehicle finance from Earn-a-car: You can [...]
Being blacklisted comes with a wide range of consequences. While people generally hate the fact they’ve been blacklisted, it should be a point of comfort to know that in South Africa, you’re not alone. Many people get a bad credit rating due to unforeseen circumstances. Even though they have made amends and are in the process of rebuilding their [...]
